06.09.2016

MTS BondPro, Bloomberg Ink Connectivity Deal

06.09.2016

Bond traders now can access liquidity on MTS Markets International’s all-to-all MTS BondsPro trading platform via Bloomberg’s execution management system for fixed income (TSOX).

“This is a new and important way for MTS BondsPro buy-side clients and prospects to interact with our liquidity pool,” Mark Monahan, CEO of MTS Markets International, told Markets Media. “Our goal is to connect with our clients in whatever manner fits their trade flow best.”

Monahan declined to state whether any similar relationships were also in the offing.

Mark Monahan, MTS Markets International

Mark Monahan, MTS Markets International

“We will always listen to our clients to understand and support how they want to trade,” he added. “It is not up to electronic brokerage firms to dictate connectivity and protocols; rather it is up to us to offer choices and attempt to make integration quick and painless.”

This announcement is the latest one made by MTS since the beginning of the year regarding improving access to liquidity since the start of the year.

The platform operator announced that the platform would support trading European denominated corporate bonds in late January. This addition brought the number of non-USD denominated CUSIP accessible through the platform to more than 9,000 corporate issues, according to company officials.

“By giving customers access to a single global liquidity pool for bonds issued by companies both in the US and elsewhere, we are facilitating cross-border flows and widening the network of bonds available,” said Monahan in a prepared statement at the time. “More specifically, there is strong demand for EuroTLX liquidity in the US and we look forward to working together with EuroTLX to ascertain how our broker-dealer can assist this prestigious LSEG platform in 2016.”

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